As we move into 2021, it’s safe to say that no one has a good handle on where the world’s economy is headed. Sure, there are plenty of opinions, and you may have your own theories, but 2020 taught us that we don’t know as much about the future as we previously believed. So, when […]Continue reading "Risk Management in 2021: How the World’s Volatility is Changing the Landscape"
Written by David Conaway, Attorney at Law, Shumaker, firstname.lastname@example.org We are closely following Revlon on behalf of several creditor interests. In the context of a series of complex re-financings and roll-up transactions by Revlon in May, 2020, human error caused a $500 million loss for Citibank. On February 16, 2021, in the case of In […]Continue reading "A “Black Swan Event”: New York Federal Court Rules that Lenders are Entitled to Keep $500 Million Mistakenly Paid by Citibank"
Collecting on delinquent accounts is a challenge. For home furnishings suppliers, it’s important to build and maintain positive relationships with retail partners – and collecting on an account is only going to serve to strain that relationship. Unfortunately, there will reach a point with some of your accounts where collecting is the only option. In […]Continue reading "What Information Should You Gather on Delinquent Accounts Before Collecting?"